Angela Merkel Saw No Need to Increase the Size of The €500bn European Stability Mechanism

Nightmare in Eurozone is still going on, Triple A eurozone group frays over firewall, Germany, Finland and Netherlands following a second Greek bail-out disagree over the size of a firewall against debt market contagion
The latest PMI data show eurozone closer to recession, The unexpected weakness of the purchasing managers' indices highlights the 17-nation bloc's fragility in the wake of its debt crisis, this crisis is going to dark

Meanwhile, Hungary hits at Brussels funds threat, Budapest condemns 'unfounded and unfair' European Commission plans to suspend nearly €500m of funding because of an excessive budget deficit

The Eurozone leader Germany fights eurozone firewall moves, Steffen Seibert, spokesman for Angela Merkel, insisted that Berlin saw no need to increase the size of the €500bn European Stability Mechanism

From Moskva we reported, Russia threatens to cap EU flights, Limiting movements over Siberia is part of possible retaliatory measures in spat over emissions charges on carriers

By the way, Dublin to sell up to €3bn in state assets, Plans for the sale of a minority stake in state electricity company ESB have been abandoned amid trade union concerns over privatisation